Tariff quota

A sales target (in revenue and/ or units) for a specified time period, also referred to as a goal, budget or forecast, also any restriction imposed by law on the quantity of a ...

quota

Convention; Conferences

1) The quantity of goods of a specific kind that a country will permit to be imported without restriction or imposition of additional duties. 2) A part of a budget which a ...

quota

Economy; Economics

A form of protectionism. A country imposes limits on the number of goods that can be imported from another country. For instance, France may limit the number of cars imported from ...

quota

Sports; Cricket

The total number of overs (maximum 10) allotted to a bowler in an ODI, or any limited overs match. Typically total overs in the innings divided by 5, rounded to next highest ...

United Nations Center for International Trade Law (UNCITRAL)

Economy; International trade

An international body that drafts model laws such as the one on government procurement.

Uruguay Round

Economy; International trade

Multilateral trade negotiations launched at Punta del Este, Uruguay in September 1986 and concluded in Geneva in December 1993. Signed by Ministers in Marrakesh, Morocco, in April ...

variable levy

Economy; International trade

Customs duty rate which varies in response to domestic price criterion.

voluntary restraint arrangement (VRA)

Economy; International trade

Bilateral arrangements whereby an exporting country (government or industry) agrees to reduce or restrict exports without the importing country having to make use of quotas, ...

waiver

Economy; International trade

Permission granted by WTO members allowing a WTO member not to comply with normal commitments. Waivers have time limits and extensions have to be justified.